Cantor Fitzgerald Upgrades SoundHound AI Inc. (SOUN) Buoyed By Voice and Conversational AI Services Development

SoundHound AI Inc. (NASDAQ:SOUN) is one of the champion beaten-down exertion stocks to bargain according to hedge funds. On December 12, Cantor Fitzgerald upgraded SoundHound AI Inc. (NASDAQ:SOUN) to an Overweight from Neutral and raised the terms people to $15 from $13.

The upgrade is successful effect to what Cantor Fitzgerald touts arsenic “very well” execution by the institution successful cross-selling and upselling dependable and conversational AI services. The probe steadfast has besides echoed the company’s expanded automated dependable volumes pursuing the acquisition of Amelia past year. Cantor Fitzgerald sees dependable AI arsenic a meaningful beneficiary of secular AI maturation trends and expects the institution to capitalize connected the emerging trends.

Similarly, connected December 10, SoundHound AI inked a strategical concern with OpenTable to motorboat an in-vehicle dependable AI stream. The strategy volition let drivers to marque edifice reservations done dependable commands.

“This collaboration marks different milestone successful our ngo to bring voice-enabled transactions into the vehicle,” said Michael Zagorsek, COO of SoundHound AI. “Integrating OpenTable into our dependable commerce level broadly expands the ways drivers tin program their eating experiences, making them effortless, intuitive, and hands-free.”

Cantor Fitzgerald expects the caller acquisition of Interactions to beryllium a cardinal integrated maturation driver, complemented by an expanding spouse ecosystem.

SoundHound AI, Inc. (NASDAQ:SOUN) provides dependable and conversational quality technology, enabling businesses to make AI agents and dependable assistants for lawsuit service, automation, and merchandise interaction. It offers platforms similar Amelia for endeavor AI and helps brands voice-enable their services with speed, accuracy, and marque control.

While we admit the imaginable of SOUN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.